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What is adjusted cash balance based on bank reconciliation

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Reference no: EM131807811

Question 1

The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:

Item

Amount

Ending Cash per Bank Statement

$1,950

Ending Cash per Company Books

$2,376

Bank Service Charges

$26

Deposits in Transit

$555

Outstanding Cheques

$355

Customer Cheque returned NSF

$200

What is the adjusted cash balance based on the completed bank reconciliation?

Reference no: EM131807811

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